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How this started

William Tu drove 15 years without an accident. He was paying $3,000 a year to insure a car worth $15,000. Twenty percent of the car's value, every year, for something he'd never used.

He looked at the numbers. For drivers with clean records, the actual risk is a fraction of what they pay. The rest is subsidy: other people's accidents, plus overhead, marketing, and profit.

The industry calls it risk pooling. William called it a tax on being careful.

In 2022, he met David Clark. Thirty years in auto claims. Former executive at Hartford and Sentry. David had spent his whole career inside the system. He knew how it worked. He knew who it worked for. And he knew it wasn't the drivers.

William explained what he was building. David didn't need convincing. He just needed someone who could make it happen.

The first 30 members were people who knew William, or knew someone who did. They believed in the idea before there was proof.

Today there are [X,XXX].

Leadership

William Tu
William Tu
Founder & CEO
David Clark
David Clark
Director of Operations
Philip Wong
Philip Wong
Sales Director, SVP
Alan Michaelis
Alan Michaelis
Market Director
Griffen Addie
Griffen Addie
Business Director
Backed by
Ribbit Capital · Hedosophia
Early investors in Robinhood, Credit Karma, Nubank
80%
of members who file a claim, pay their share, and renew.
They saw how it worked. They stayed.

Where to find us

Headquarters 510 Waverley Street
Palo Alto, CA 94301
Service Center 812 Moorefield Park Dr
Suite 100
Richmond, VA 23236